After finding runaway success with gold, Costco adds an even more precious metal to its offerings

Core Insights - Costco is expanding its precious metals offerings by selling 1-ounce platinum bars and Canada maple leaf platinum coins for $1,089.99 each, available online only [2][5] - The company has seen significant success in its precious metals business, particularly with gold bars, which have generated substantial revenue since their introduction [5][7] - The value of platinum has increased over 15% in the past year, closing at $1,019.60 per ounce, while gold has surged over 45% in the last year and nearly 80% over the past five years, closing at $2,679.90 [5][7] Membership and Sales - Buyers must hold a Costco membership, which costs between $65 to $130 annually, to purchase the platinum bars and coins [5] - The sale of gold bars has reportedly generated up to $200 million in monthly sales for Costco, indicating strong demand for precious metals among its members [7] Restrictions and Policies - The platinum bars and coins cannot be delivered to Louisiana, Nevada, or Puerto Rico, and they are not eligible for returns or refunds [5]